New Issue: TD Bank prices $1.59 million contingent barrier return enhanced notes on S&P 500

By Kiku Steinfeld

Chicago, March 18 – Toronto-Dominion Bank priced $1.59 million of 0% contingent barrier return enhanced notes due July 6, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level is greater than the initial level, the payout at maturity will be par plus 1.292 times the gain.

If the index finishes flat or declines up to 25%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% of index decline from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent barrier return enhanced notes
Underlying index:	S&P 500 index
Amount:	$1,585,000
Maturity:	July 6, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.292 times any index gain; if index finishes flat or declines no more than 25%, par; otherwise, full exposure to index decline from initial level
Initial level:	4,450.38
Barrier level:	3,337.785; 75% of initial level
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Agent:	TD Securities (USA) LLC
Fees:	3%
Cusip:	89115F2R1

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